Wednesday 21 February 2024

AUTOGRILL – Group debt early refinancing completed through a new 600 million euro financing

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MILAN, Italy – Autogrill S.p.A. (Milano: AGL IM) signed today a new credit facility agreement worth a total of 600 million euros.

The new financing is split into one amortized term loan facility and one revolving credit facility amounting respectively to 200 million euros and 400 million euros, both with a final maturity in March 2020.

The refinancing will be used to make an early repayment of the revolving credit facilities maturing in July 2016 and fund the Group’s business operations.

The facilities have been arranged by Mediobanca – Banca di Credito Finanziario S.p.A. as Coordinator, Banca IMI as Agent and Banca Popolare di Milano, Banco Bilbao Vizcaya Argentaria S.A. – BBVA, BNP Paribas Corporate & Investment Banking, Commerzbank, Crédit Agricole Corporate and Investment Bank, ING Bank N.V., Rabobank, Société Générale Corporate & Investment Banking and Unicredit as Mandated Lead Arrangers and Bookrunners.

Further, on 6 March 2015, the US subsidiary HMSHost Corp underwrote with lenders (Bank of America Merrill Lynch, Intesa Sanpaolo and Rabobank) the first amendment to the revolving credit facility agreement dated March 2013, extending the facility’s maturity to March 2020, for a total commitment equal to 250 million US dollars.

The new financing and the amended facility ensure adequate financial support for the Group to pursue its growth strategies.


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